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's leadership. then came president obama's election in 2008. health care reform igniting the tea party movement and then demint quickly became a leader and re hetorical flamethrower. >> if we're able to stop obama on this, it will be his waterloo. >> but demint had no significant legislative impact or victories regularly bucking the republican establishment, supporting senate candidates close to his own view of conservatism with, of course, mixed success. >> i've been criticized by some of my republican colleagues for saying i'd rather have 30 republicans in the senate who believe in the principles of freedom than 60 who don't believe in anything. >> he was an early supporter of florida senator marco rubio. now the gop star, incoming senator cruz who tells mike lee all on the demint list. while 15 won primaries just seven are united states senators today. many party leaders, in fact, blame demint for high-profile senate losses in indiana, delaware, colorado and nevada and in a statement made yesterday minority leader mitch mcconnell said this. i thank senator demint for his uncompromising servi
's one thing. but we're not going to go after seeing the president win this election, we won the white house, turn right around and undermine the people who helped put us there. >> you know, it is interesting. the older voters did vote republican and medicare was out there. i mean, paul ryan budget was there. and the older voters went for governor romney. >> remember,, he won with fewer voters. the republican performance was better than it was four years ago. the reality is, nobody can look at this budget and think that if you don't reform entitlements you can balance it. >> but it's a matter of where do you balance it? do you balance it on the backs on the people who can least afford it? >> but to get a deal, we have a divided government. the president won. we can argue about whether it's a mandate. there will have to be compromise. $16 trillion debt. trillion a year deficit. you're not going to solve all that with tax increases and cutting discretionary programs. we have to fix the intitlement programs. we can talk about how we do it. >> you have to be specific, steve. because when y
to win the presidentee again, george w. bush was really a recluse. i think now that the election is over the republicans lost. he wants to have a role in one of his causes. immigration is a passion he shares with his brother jeb, former governor of florida who is thinking of his own political future and possibly a white house run and wants to help in the reset of the republican party which will include taking a serious look at actually finally engaging on immigration reform. jon: fair to say hispanics did not exactly flock to mitt romney this time around. george w. bush did pretty well with them both four years ago and eight years ago. >> reporter: very well, he got about 41% in his last election, that is a number republicans are going to have to meet in order to win the demographics of a presidential run and get a coalition that gets you the map to win the white house. 71-27, which it was this time is not going to get you the white house. you have to be upwards of 40%, possibly in future years higher than that. and george bush, with his compassionate conservatism, his texas heritage, th
on the tax rate? >> nothing is over until we decide it is! >> we didn't elect them to raise rate. >> not me! >> we don't have a revenue problem. >> i'm not going to take this. >> when are you going to fight? >> let's do it! >> how is that winning? that isn't winning. >> i don't think republicans will win. >> south carolina senator jim demint -- >> jim demint says he is resigning. >> his surprise announcement to step down. >> i think i'm in a more powerful position. >> are you kidding me? >> he doesn't have a law to his name. >> he has been a singular failure as a political strategist. >> i think i'm in a more powerful position. >> the disarray of the republican party. >> there is no progress. >> they don't know what they stand for. >> no progress. >> they don't know what to do. >> no progress. >> they have some real soul-searching to do. >> today the united states supreme court -- >> the supreme court used this afternoon -- >> said they would take up the issue of same-sex marriage. >> it really is an incredible day today. >> important social issues. >> the defense of marriage act. >> on the
on election 2012. >>> thanks for watching "state of the union." if you missed us, search itunes for state of the union. >>> this is "gps." welcome to all of you in the united states and around the world. i am fareed zakaria i can't. we'll take you around the world today starting with egypt. the nation has erupted. we'll explain what the power struggle between the president and the courts means for the rest of the arab world and the world at large. >>> then china's new leaders. we know their names but who are they and what can we expect from them. is this china's gorbachev or will he take a hard line? >>> finally, the black swan, a best seller some say prediktsd the economic crisis. its author on his fascinating new book. >>> and the next phase of europe's crisis. which nations might find themselves split apart. i'll explain. >>> first, here is my take. arafat's body has been exhumed for investigation. bringing back memories of the unpredictable palestinian leader. the news broke at a time when a conventional wisdom has begun to take hold that the middle east today is much more dangerous,
the election. i've got the political upper hand here. i need more than where we were in 2011 because we had a whole election in 2012 focused on almost exactly this issue. the white house thinks they have the political upper hand here. this response is boehner saying, not so fast, mr. president. >> in terms of -- i know you don't have details on the medicare. are there any details on where the revenue comes from? in terms of exemptions and loopholes? do we know if all the exemptions and loopholes are taken off the table? for example, if mortgage and charity is still there? >> we just have detail describing this as revenue through tax reform. presumably there would be some changes to the revenue code that would get you the $600 billion -- i'm sorry, $800 billion in additional revenue the speaker is talking about here. where he gets that from, we'll have to get that answer from the speaker's office. you can imagine right now their phone lines are scrammed and operators are not standing by. >> thanks. you have to start somewhere. >> let's get reaction. s & p capital, jeff cox at cnbc headquarte
in washington, d.c. i bet you if you could hold another election in january if they allow that to happen, republicans would lose control of the house. i think this is going to be their downfall and i believe more and more republicans privately understand that. and they're worried. they're worried. i don't think politically they can afford to stick to their guns and if they do, you know, they're going to pay the price. victoria is in warwick rhode island. good morning. >> caller: hi, how are you? >> bill: i'm good. what's your point this morning? >> caller: my point is i'm sick and tired of their domination. you know? >> bill: yeah. and they lost the election, right, victoria? >> caller: i know. but they still -- this is all about domination. they want to call the shots. and it's time for them to get kicked to the curb! if not into the middle of the street! [ laughter ] you know? this baloney. they have been so destructive for the last four years. not only that, so insulting to our own president. we've never b
and new election would have to be called in 30 days of that happening. some analysts say his choice is not a shoo-in. >> what you need to consider here the opposition is strong position in venezuela. they did exactly well in the october elections. they are in a prime position to exploited the crisis in the regime. i don't think maduro is a shoo-in necessarily. >> he added if he were to be elected president of venezuela he would be as every bit as bad as u.s. ever since chavez took over venezuela his country as taken on a steady anti-american tone. he developed friendships with some of the world's worst dictators. no now, at least publicly chavez appears to be up for the continuing battling with cancer telling his people, quote, with god's will we will come out of this victorious. i have faith in that. that is a quote from chavez. >> gregg: arthel nevil, thanks. >> heather: as we mentioned we have just learned that president obama and house speaker john boehner met today at the white house to talk about ways to resolve the fiscal cliff. meanwhile, we have brand-new reaction from lawm
next sunday we can put a period on election 2012. thanks for watching "state of the union." >>> this is "gps." welcome to all of you in the united states and around the world. we'll take you around the world today starting with egypt. the nation has erupted. we'll explain what the power struggle between the president and the courts means for the rest of the arab world and the world at large. >>> then china ease new leaders. we know their names but who are they and what can we expect from them. >>> the black swam predicted the economic crisis. the author on his fascinating new book. >>> which nations might find themselves split apart. i'll explain. >>> first, here is my take. arafat's body has been exhumed for investigation. the news broke at a time when a conventional wisdom has begun to take hold that the middle east is much more dangerous, unstable, violent and anti-american than before. let's take a look at facts. in the 1980s the newly empowered radical unsettled the region with its promise to spread its revolution elsewhere. lebanon was in the midst of a bloody civil
is back with us tonight and looks at a couple of the top republican contenders for the next election cycle. >> as the republicans digest mitt romney 2019 defeat, former running mate paul ryan and surrogate marco rubio the florida u.s. senator are openly joking about and already testing message for the 2016 g.o.p. race for the presidential nomination. >> see you at the reunion dinner, table for two. do you know any diners in iowa? >> thank you for your invitation in iowa and new hampshire. i will not stand by and watch people of south carolina ignored. >> rubio received the second annual jack kemp foundation award last night. ryan a kemp protege received the first award last year. ryan mentioned fighting poverty 15 times last year and distanced himself from the romney infamous remark of the 47% who don't pay federal income taxes. >> both parties tend to divide americans to our voters and their voters. let's be clear. republicans must steer far clear of that crap. >> rubio emphasizeed expanding the g.o.p. big tent and describing voters will determine the future of the country and the g.o.p.
then, this is it and i'm doing it for two more years and i'm going to run for re-election and make them go away for rich americans. that's not acceptable to the white house, $800 billion from so-called tax reform. >> well, steve, i mean, you put it sole well i don't know how to improve on that. that's my first reaction, is that the absence of any l giving any ground on the rates mean we haven't moved that far here. i think that that's the key sticking point here. you know, as a matter of -- a lot of what's happening here is a duel in public opinion and the media, who looks like they're reaching out and who gets blamed if things get ugly. i think the republicans are trying to put a veneer of specificity to look like they're -- i think obama did a good job in the last several days saying republicans rntd putting anything the on the table. they're trying to check that box, but the absence of any give on the rates just doesn't really move us that much closer. i also wonder on that $800 billion number without knowing what they say exactly, are they assuming any new revenue from economic grow
. the smallest minority as not important as well. hopefully, as the elected officials will be around the table until the next several weeks, they will bear this a in mind. thank you for voting. let's move to the next poll question. you can see it on the screen as well. this is thinking about what kind of a role the u.s. president should take a in terms of a more realistic, short-term approach to facing challenges are a long term visionary approach where the focus is on the future and where we are going in the next 10-20 years. which of the following approaches to you think a u.s. presidential candidate should take? you will see two options. should a u.s. president take a practical approach and difficult times addressing near-term challenges or a visionary approach focusing on long-term goals for the future and not losing perspective of where we want to go to? go ahead and text to 22333. the response code you agree with et.you can tweak at @gt we will see if it matches the opinion poll. a fair size minority, about the 44% felt short-term obstacles was the important focus of the nation. it looks
essentially wasted the last three weeks since the election with nonsense. >> the president is asking for $1.6 trillion worth of new revenue over ten years, twice as much as he been asking for in public. stimulus spending that exceeded the amount of new cuts he was willing to consider. it was not a serious offer. >> reporter: and boehner says he was flabbergasted when he was given the proposal. >> heather: and democrats are defending themselves? >> treasury-secretary tim geithner on fox news defending the president's plan for raising revenues, cutting spending and reduce the deficit by $4 trillion over the next ten years. he said the ball is in the g.o.p.'s court. >> you have heard them for the first time i think in two decades they are willing to have revenues go up to make a balanced plan but they have to tell you what they want do on rates and revenues. >> he says there is no plan to an agreement unless they acknowledge tax rates have to go up for the wealthiest americans. >> heather: thank you very much. with less than one month to reach a deal there is new urgency to reach a deal. comin
the fiscal cliff. right after the election wall street dropped 5% when everybody suddenly focused on the fiscal cliff and realized that this was a problem. but since then it's kind of bumped along at this sort of level. i don't think wall street is at all sanguine about the idea that if we went over the fiscal cliff, life would go on as we know it and everything would be fine. >> one of the things that was really interesting to me to bear out that point is ken conrad yesterday who's been so down, i mean, he's leaving the senate. he's done this for seven years. they can't produce deals. and yesterday when i interviewed him, joe, he said i think we're going to make this. i think the boehner offer had significant indicators that something here is going on, and they're going to come together. >> also, kent conrad, a guy -- i've loved him for a long time, deficit hawk. they haven't allowed him to put a budget out for years. he's growing frustrated. i'm sure he's going to be glad to leave. but i was surprised by that as well. you see also, sam stein, republicans are now starting to real
? that was right before the election. but still, it's very important. we'll be on top of that and all of the other issues for you and with you and hearing from you at 866-55-press. >> that's our toll-free number 866-557-7377. follow us on twitter. join us on twitter. more and more people do. at the whitehouse, so many of the reporters were saying how much they love following us on twitter. you should, too, at bp show @bp show @bpshow and facebook/billpressshow. team press here for the fifth day in a row all together. this is a new record action i think. here we are five days. nobody took a day off. peter ogburn and dan henning. >> happy friday. >> and cyprian bowlding wearing god knows what hat this morning. our videographer in chief. >> the washington fuel team he is representing with his hat. >> redskins hat. >> they changed their uniforms. no. it's a weird sort of -- >> did they change their name? >> not yet. >> they should change their name. >> not yet. they are playing the baltimore ravens. big game. goad up the shoreway at baltimore. >> fedex
you know what your elected officials are doing. passing a bill to ban the word lunatic. >> gretchen: people will not be able to watch and call us that. should we give billions of hard earned american dollars to egypt even though we can't pay our own bills? congressman bucan an said it is amoral. >> the pent depon is preparing for massive cuts. pentagon today is scaling back and became the triangle. ♪ ♪ are you ready for this? ♪ snot ♪ nouncer ] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. and with my bankamericard cash rewards credit card, i love 'em even more. i earn 1% cash back everywhere, evertime. 2% on groceries. 3% on gas. automatically. no hoops to jump through. that's 1% back on... [ toy robot sounds ] 2% on pumpn pie. and apple. 3% back on 4 trips to the airport. it's as easy as.. -[ man ] 1... -[ woman ] 2... [ woman ] 3. [ male announcer ] the bankameric
going to have elections anyway, it doesn't bring it forward a lot earlier. is that the sense that you're getting? >> yes, it doesn't really change in terms of the timing. it just gives you an idea, though, of where berlusconi stands and what the situation is like within that central right next. the pdl has made it clear that there is a serious disagreement within the party. they were set to go forward with some primaries which is what the center left did to elect their candidate. and now that berlusconi has abruptly announced that he's going back, that tells you there is a lot of tension. he's trying to define the support, enough support in order to have some say in parliament even after the elections. an apparently he probably was not able to get that within his own party. as far as the situation overall is concerned, we did see the spread go higher and there are concerns. the minute you touch this jittery topic of the politics here in italy, the market gets very, very concerned. so what has come out officially by the president of italy is that he's officially not calling a consultat
looked at him and said you can't be serious. i never seen like it we have 7 weeks before election day andepped of the year. three of those weeks are wasted with this nonsense. >> y are talking about roughly. timothy depite gite saying we'll raise taxes 1.6 trillion and washington will increase taxes on capitol gains and we would like to say we like the power to raise the debt ceiling any time we want for the executive branch which is unconstitutional. >> steve: it is not 39 or 35 percent. all nonstarters in the world of negotiation. >> gretchen: two things to discuss. why is it tim geithner doing the discussions inted of the president of the united states. let me know if you have an answer for that. and the reason they are asking for this stuff. this is the way negotiations work when you win the presidency. you are walking around with your chest puffed up. this week, nothing will happen. until you cum come up right to the cliff. >> brian: this president is making a mockery of negotiations. he offered a initial trike with under 30 days until the cliff happens . sos the unserious attemp
on election day was these items like startup 2.0, serve for that. that's the starting point. dream act which i think is an embarrassment we didn't pass already, somebody who lives in a common wealth i see many kids grown up in virginia and gone to virginia hools and parents have paid taxes for years and in the process of trying to continue their american experience, we luckily were able to overturn legislation and try to exclude those folks from going to college. but that i think becomes now maybe not a given but it's sure as he can going to be fairly shortly. the chalsleng now going to be because there are these 11 million undocumented persons who work in america trying to sort through some path of legal status for those folks which i think has to be a national priority as well. so that the items of what could have passed before, there's been a size mick shift, people are going to say we need to do more here and not deal with just high scailed or not even just those kids when have lived here for years and give them a path to get an education or serve in our military. but i think we're going t
of whose tax plan was chosen in the court of public opinion on election day. >> under my plan, first of all, 98% of folks who make less than 250,000, you wouldn't see your income taxes go up a single dime. all right? because you're the ones who need relief. but we're not going to be able to get it done unless we also ask the wealthiest households to pay higher taxes on their income officials $250,000. the same rate we had when bill clinton was president and our economy kree aed nearly 23 million new jobs. >> and there are reports that republicans are considering a doomsday plan should talks break down. according to senior republican sources the gop would allow a vote on extending bush tax cuts for the middle class and nothing more. under one variation of this plan, house republicans would vote present on the bill to voice their disapproval but still allowing it to pass entirely on democratic votes. >>> with hillary clinton wrapping up her final trip abroad as secretary of state, president obama is expected to announce his pick to replace her at the state department as early as this week. th
well and they think the president won re-election for a reason. the speaker said this was a status quo election and the republicans still control the house of representatives. >> eamon javers thanks very much. let's talk some more about this republican counter offer and the white house reaction. we have democratic strategist-- okay. steve, i go to you because i read the white house reaction to this, and really all they talked about was raising the top tax rates. they had no other things to say, no commendations, no i want to work with you. steve, i know this stuff is not going to be perfect. there's going to be stuff in here that conservatives, supply siders myself won't like. but why does the white house have to obsess about higher tax rates to the exclusion of other parts like entitlement reform and spending cuts? why is this? >> larry, i don't think they are obsessed with higher tax rates they are obsessed with protecting the middle class. john boehner's proposal includes $800 billion in revenue but doesn't specific where it comes from. barack obama has been specific in his plan and
the day after the election to put receive news on the table to take a step toward the topt try to resolve. this when is he going to take a step towards us? >> can you see some way you can agree to tax rate increase and protect small businesses at the same time, maybe going with the 37% or some middle ground? >> there are a lot of things that are possible. but none of it is going to be possible. the president insist on my way or the highway. that's not the way to get to an agreement that i think is important for the american people and very important for our economy. thanks. >> minority leader me lows si speak today. here are her remarks. >> this morning we received the news that the economy added 146,000 jobs last month. the unemployment rate fell to 7.7% and we mark the 33 reasonable doubt consecutive month of private sector job growth. our economy is moving forward but it could be growing at a faster rate if the republican leadership had taken up and passed some of president obama's job initiatives including the american jobs act and had passed the middle income tax cut. having done tha
in that statement, tyler, is the president's feeling that he's got the upper hand having won the election and also that many in the financial community, the business community, are very sympathetic to the argument that he was making just on that point on the debt limit. >> john harwood, thank you very much. with lawmakers now leaving capitol hill to start a long weekend, what's the likelihood that a divided congress can get a deal on the fiscal cliff before we hit it. represents tim walls is a democrat from minnesota who filed a petition yesterday to force a vote on extending tax cuts for the middle class. congressman, good to have you with us. >> thanks for having me. >> i have to say that the optic beioptics of congressman leaving the capitol right now for another long weekend is extraordinary poor. it is disappointing and to many it is outraging. what do you say? >> i think it is outrageous. i couldn't agree with you more on that. these are good folks. each one of us was elected to represent 650,000 people. i heard it -- i think everyone of the other floor members heard it -- they're tired of t
taxes as part of obamacare. >> here is what speaker boehner said on taxes. >> the day after the election, i the cameras and made clear that republicans were willing to ut revenue on the table if there were serious spenddng cuts and reforms put in place. we've talked about them. the president and the white house have had three weeks and this is the best we've got? >> so, it's all taxes and all raising taxes, no worries, there are serious proposal or even talk about reforming entitlesments, talks have gone nowhere, we're weeks from january 1st the fiscal cliff deadline. at least we're not stuck on the road to moscow. take a look at video out of russia, thousands of drivers in sub zero temperatures, little food or help for days. it's a one mile long traffic jam. heavy snow in moscow caused a stand still and links with the second biggest city, no, in november, december in russia? who would have thought? the issue of gun control took center stage during the half time show of a football game last night. and listen to what bob costas said in response it a murder-suicide over a kansas city play
there is not much time between election day and the end of the year. he thinks the white house has already wasted weeks because he does not think the proposal to avoid a fiscal cliff is serious one. negotiations here are nowhere. another republican, senator lindsey graham thinks he thinks things are heading down hill. >> i think we are going over the cliff. it's clear to me they made a political calculation. the offer doesn't deal with the entitlement reform to save the medicare and medicaid and social security from imminent bankruptcy. it raises $1.6 trillion on job creators to destroy the economy. no spending controls. >> reporter: treasuresy secretary tim geithner advocated for clinton era tax rates and wants top earns to pay 39.6%. he said when that was the rate in the '90s there was was good economic growth and strong private investment. said republicans would rather raise revenue closing the loophole and limiting deduction need the time to realize that might not bring in enough cash. >> that is a good set of propose is and good for the economy. if they have suggestions, they want to go furt
talking about every morning here since the election. fiscal cliff, big, big issue. there are now, it seems, growing numbers of people on both the right and the left who would like to see us just go over that fiscal cliff. how big of a problem would that be? >> that would be a big problem. i actually still believe that those -- the democrats, the administration, republicans in the final analysis don't want to see that happen. they do understand that not only would that present a problem in the near term as we went over the cliff at the end of the year, but we still then have the whole debt ceiling fight that would transpire shortly into the new year. the issue isn't simply the negative result of going over the cliff, but it's also that business, consumers, everybody continues to hold back on the uncertainty. and we believe the economy is pretty well positioned potentially in 2013 if we can put this behind us. so i think a lot of what's going on is what you would expect to see in this negotiation, very public negotiation, which is not the best way to do it. i think at some point, the preside
a pretty dramatic shift since the election, and certainly i salute him for doing this, he actually is very engaged with the business community. and i'm not hearing the sort of things from top ceos and business leaders today that i heard the first four years. maybe -- maybe he's leaning in here and trying to rebuild a relationship with some of these people who supported him in '08. >> and i think it goes both ways. i think the business community views this deficit thing as the biggest problem that we can solve that we need to solve. there's something called a campaign to fix the debt, which i'm on the steering committee, 120 leading ceos from everything from general electric to jpmorgan on down. really committed to doing something and accepting the idea that revenues have to go up, not ideological about how, but most of all, wanting a big $4 trillion package. and so they have become, in effect, allies of the president. they're really trying to get to the same place. at some point there may be differences over how much entitlements, how much this or that, but right now their interests are al
said, you can't be serious? i just never seen anything like it. we have seven weeks between election day and the end of the year, and three of those weeks have been wasted with this nonsense. >> okay. you heard for the first time in two decades now acknowledge revenues can go up as part of the balanced plan, a good first step, but they have to deal with rates and revenues. >> this talk has lawmakers and analysts skeptical. they could strike a deal to have hundreds of billions in tax increases set for january. still, both sides have been through the debate before. they know the options available to cobble a deal together. one aid says it's too early for either side to reach an agreement knowing they still have to show to their members they pushedded for every possible point to secure the best deal possible. still, it is getting late, and the sides are trillions apart. back to you. >> all right, rich, rich edson in washington. >> we have two more weeks before anything is done. >> might be. >> let's talk with the next guest saying republicans should give into the tax cuts for the rich,
less than he offered before the election and also raises the money taken out of medicare and medicaid by $62 billion. how democrats or anybody could except that -- could accept that. the average folks here in america do not want to pay their fair share. they cannot argue the point that everybody has to give a little bit more to help us eliminate some of this debt and keep the country going in a positive direction. host: did you see the reaction from harry reid? caller: [laughter] host: let me read a portion of that. that is what the democratic leader in the senate had to say about yesterday's counterproposal put out by house republicans. we noted in this letter sent to the white house from the speaker also includes the signatures of paul ryan as well as eric cantor and the rest of his leadership team seems to be on board. here is the chairman of the republican study committee's statement. so here are the opening offers in "the washington post." time." there is the side-by-side in the "the washington times" this morning. a democratic caller, what do you think? caller: by listening at w
. >> an election is coming along and people made their choice. policy makers still have a duty to choose between ideas that work and those that don't. when one economic after another failed our working families, it is no answer to express compassion for them or create more government programs that offer promise and don't perform . we must come together and advance new strategies. our complicated and uncertain tax code is hindering the jobs. you can't open a business if your tax rate is too high or uncertain. i personally oppose the president's plan to raise taxes. [applause] listen, this is not about a pledge. it is not about protecting millionaires and billionaires. for me it is the fact that tax increases he wants would fail to make a small dent in the debt but it would hurt the middle class business and people who work for them. >> gretchen: this is what the campaign was about . people are sick i and tired of hearing the same talking points . people want to see actual tax reform. get the job done and the kick the can down the road is what we have done for the last four years. will president o
right after the election was the speaker who went down and provided the revenue that's something you had not heard of before. when has this president offered any of the spending cuts? i think that's where the holdup is. >> it all started with the president putting an offer on the table late last week then speaker boehner last night so you would expect a counter offer to the counter offer from the white house. nope. inside the white house they are saying they don't take boehner's plan seriously enough to each do some sort of a counter offer. that's where we are tonight. neither side wants to put a new plan on the table. they are making progress right now. >> shepard: ed henry at the white house. the president may reach across the party line. former republic senator chuck killing a is on the short list to replace leon pa net attachment the nomination will come in the next two weeks along with the president's pick for secretary of state. on that matter the u.n. ambassador susan rice is considered a likely choice to replace secretary clinton. today president obama expressed confidence in her
'reilly. thanks for watching us tonight. g.o.p. and post election blues. that's the subject of this evening's talking points memo many believe the president has the upper hand in the fiscal cliff negotiations. if we gopher 00 cliff republicans think they will get most of the blame. if they give in to tax hikes conservatives believe they will infuriate their base. senator rand paul even believes that since they have such little leverage in the talks of president obama. well, republicans should just get out of the way and let the democrats raise taxes as much as they want. and then let the president take responsibility for party of high taxes. now can i understand senator paul's thinking especially given the fact that the president has already announced ahead of his mano a mano meeting can john boehner that he won't concede an inch on tax cuts. this republican defeatism news broke of jim demint's departure from the senate yesterday. is he a tea party warrior and demint is a hero to part of the g.o.p.'s 2010 midterm route. now he is off to head off a think tank the heritage foundation. let's f
interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after the break. we will be right back. exciting issue. from financial regulation, iran getting a nuclear bomb, civil war in syria, fraud on wall street, destruction of medicare and medicaid. there are real issues here. having been a governor, i know that trade-offs are tough. things everyday exploding around the world that leave no shortage for exciting conversations. i want our viewer to understand why things have happe
for years. >> even though democrats won the presidential election? doesn't that change the calculus? >> he would say these people are all safe seats if they don't get against the pledge. norquist has the division so to speak. he could destroy any republican who says the word tax increase. has he said -- he said if they're seduced by democrats in pure thoughts this is the so-called i can smell pornography when i see it. this is pornography for grover norquist. he can smell it when he sees it. he will target. he will destroy republicans who go against the pledge. he's much more powerful than any individual republican. and individual ceo. let's just face it. i've always felt he was the most powerful person in the class of '76 at harvard. enjoyed his success because he was a fellow member of the harvard crimson. i just disagree with him. terrific guy. >> with friends like that -- >> with all due respect to my ex-partner larry kudlow with all due respect. >> the treasury secretary talks about how he does not think that in the end the gop is going to prevent tax rates on the wealthiest from risi
, people were saying you got to incorporate poll workers for the election. you had holiday hiring. you had sandy. i mean, it may be -- the journal argued it's the least important jobs number in five years. >> i saw that. i do think one thing we can certainly say given that china seems to be stabilizing a bit, we can all discuss europe. greek situation. maybe it's off the front pages for a while. and so if we assume that the jobs picture in the u.s. is not bad, let's assume not bad, it puts even more of a focus on the fiscal cliff negotiations because it becomes even more binding one would assume in terms of good or bad for the market, for the economy. >> kernen had a good point. does strength mean the economy could handle a cliff or is it so good you wouldn't want to tamper -- >> if i wanted to create a recession, what would i do? i would raise everybody's rates. i would cut the unemployment benefit. just trying to think of a theory of how i could cause a recession. i would cut back government spending quickly. >> i would raise interest rates to 20%. >> bernanke ought to join the -- look,
to the people who can actually get us elected president in the next presidential campaign and that would be the middle class. and also appeal, trying to appeal in the long-term to those minority voters. the fascinating statistic to me out of this entire election, brooke, was that in 2008, 74% of the electorate was white. this time that went down two points and those two points, one could argue, handed the president re-election and the republican party needs to figure out a way to broaden, not to narrow itself, and that's what these two men are talking about, and that's what the debate on capitol hill is about. >> gloria borger, thank you very much. >> sure. >>> america's leading dictionary publisher has announced its list of the top ten words of the year. so this list is actually based on the volume of how many people are searching for words at merriam-webster.com. number four here, the number four search word, marriage. number three, bigot. and the top two words after the break. think about what's happened this year, could you guess the top two words? that's next. if you think running a
interview since the election, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan relies on $1.2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6
believes he won the election and he upped the ante saying he wants twice as much in tax revenues than he wanted a year and a half ago. the president believes he has higher ground under this. i think maybe the democrats have a deeper trench, if you will. they have public opinion on their side. if you talk to people in washington there is a sense that at the last minute reason will prevail. there is a not a lot of optimism. you know this and my colleagues know it better than i do. more people are talking about the threat that if you don't deal with it you will send the united states back to recession and the global economy is teetering on recession. the stakes are in their political vaults. maybe they're blind to the enormous stakes. >> let me share something that struck me from pimco, the world's largest bond investor. they make informed bets on economies. here's what bill gross said about what's going on now in the u.s. he said, these structural headwinds cannot just be wished away as we move forward. whether it be to the right, the left or dead center. those are things like growing debt
business. he never had a single election not even for stink -- a student council. governor? [applause] in keeping with the discussion, he is keen on innovation and things of that nature. i know that will come out. thank you, governor. >> are we all set? i am from the "mercury news," and we're here because we live in a global cloueconomy. it has altered local economies because so many manufacturing and technology jobs are moving, whether it is a matter of costs for going where the trained work force is. we're fortunate to have to governors here to talk about how that change affects their jobs and what they're doing to jump- start their economies which compete with one another. this could be fun. let me start with our guest. governor hickenlooper. i knew that was going to happen. most of us here are pretty much aware of california's budget crisis. can you give us a quick briefing on where colorado is and what you are trying to do to turn things around? >> our budget is just as dressed as almost every state in the country. we have been working trying to control costs, get our pension fun
, where election timing may spell budget delays. we have the story from tokyo. >> the election campaign has officially kicked off in japan, but there are worries the budget is not likely to be ready pi the end of this year. they will likely call a special session to elect a new prime minister, then select a cabinet before moving on to budget matters. once they reconvene in january, the new government would likely pass the supplementary budget first before submitting its fiscal 2013 plan in february. so a senior lawmaker predicts that the fiscal 2013 budget will not actually pass until mid may. that's more than a month into the new fiscal year. and if the government can't get the job done by the end of march, a provisional budget will be needed. opinion polls show the gap between the ldp and the ruling democratic party has been narrowing. that means if the ldp can't get their majority, these bills could be delayed even more. back to you, ross. >> all right, thanks for that. that's the late fres the nikkei. still to come, the business of entertainment in asia, it's big. going to get even
election. >> children and poverty are exploding. >> also, we need higher tax rates for the tippy top earners because everybody likes to talk about building the middle class or rebuilding the middle class. the top tax rate that is built them in the '40s,' 50s and '60s. you can't stay at 37. -- >> we are talking so much -- i'm not saying we shouldn't be. it would be impossible to get republicans to sign off on a tax increase. obviously, you need to talk about raising the rates on the wealthy. are there other sorts of taxes that should be in the mix? i'm thinking a carbon tax or wealth tax. >> wall street doesn't want a carbon tax. if you want less of something, tax it. they want cap and trade to play games and not improve the environment. we need a discussion about tax policy but follow the principle, the greater the gain the greater the burden you bare. many conservatives think that. they are running the debate and totally ahistorical. >> i think this is a really important point about what else favors the wealthy in our tax system. one of the critical issues is the system of deduction
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